Latest news with #soybeanmeal
Yahoo
a day ago
- Business
- Yahoo
With Short Bets Unwinding, Buy Soybean Meal Futures Here
December soybean meal futures (ZMZ25) present a buying opportunity on more price strength. See on the daily bar chart for December soybean meal futures that prices are starting to trend higher and have just hit a six-week high. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator is also in a bullish posture, as the red MACD line is above the blue trigger line and both lines are trending higher. The meal bulls have gained the overall near-term technical advantage. More News from Barchart Coffee Prices Rally on Light Frost in Brazil and Drop in Brazilian Robusta Exports Coffee Prices Rally on Light Frost in Brazil How Bullish Are US Soybeans? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Fundamentally, this week's bullish USDA supply and demand report has energized the soybean (ZSX25) and meal market bulls. Also, it appears spreaders are unwinding long soybean oil (ZLZ25), short soybean meal spreads, to further support the meal market. A move in December meal futures above chart resistance at this week's high of $300.10 would give the meal bulls more power and it would also become a buying opportunity. The upside price objective would be $335.00, or above. Technical support, for which to place a protective sell stop just below, is located at $288.00. IMPORTANT NOTE: I am not a futures broker and do not manage any trading accounts other than my own personal account. It is my goal to point out to you potential trading opportunities. However, it is up to you to: (1) decide when and if you want to initiate any trades and (2) determine the size of any trades you may initiate. Any trades I discuss are hypothetical in nature. Here is what the Commodity Futures Trading Commission (CFTC) has said about futures trading (and I agree 100%): Trading commodity futures and options is not for everyone. IT IS A VOLATILE, COMPLEX AND RISKY BUSINESS. Before you invest any money in futures or options contracts, you should consider your financial experience, goals and financial resources, and know how much you can afford to lose above and beyond your initial payment to a broker. You should understand commodity futures and options contracts and your obligations in entering into those contracts. You should understand your exposure to risk and other aspects of trading by thoroughly reviewing the risk disclosure documents your broker is required to give you. On the date of publication, Jim Wyckoff did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
4 days ago
- Business
- Yahoo
Traders Sold the Rumor. Is It Time to Buy the Facts with Soybean Meal Here?
December soybean meal futures (ZMZ25) present a buying opportunity on more price strength. See on the daily bar chart for December soybean meal futures that prices have rallied to a five-week high. See, too, at the bottom of the chart that the moving average convergence divergence indicator is in a bullish mode, as the red MACD line is above the blue trigger line, and both lines are trending up. More News from Barchart What Game Is Being Played in Grains Early Monday Morning? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Fundamentally, it appears the U.S. and China may be getting closer to a trade deal. Also, last week's price action saw traders likely factor into soybean (ZSX25) and meal futures prices a bumper U.S. soybean crop, to suggest a potential 'sell the rumor, buy the fact' scenario after Tuesday's midday USDA monthly supply and demand report. A move in December meal futures above chart resistance at Monday's high of $291.70 would give the bulls more power and it would also become a buying opportunity. The upside price objective would be $315.00 or above. Technical support, for which to place a protective sell stop just below, is located at $280.00. IMPORTANT NOTE: I am not a futures broker and do not manage any trading accounts other than my own personal account. It is my goal to point out to you potential trading opportunities. However, it is up to you to: (1) decide when and if you want to initiate any trades and (2) determine the size of any trades you may initiate. Any trades I discuss are hypothetical in nature. Here is what the Commodity Futures Trading Commission (CFTC) has said about futures trading (and I agree 100%): Trading commodity futures and options is not for everyone. IT IS A VOLATILE, COMPLEX AND RISKY BUSINESS. Before you invest any money in futures or options contracts, you should consider your financial experience, goals and financial resources, and know how much you can afford to lose above and beyond your initial payment to a broker. You should understand commodity futures and options contracts and your obligations in entering into those contracts. You should understand your exposure to risk and other aspects of trading by thoroughly reviewing the risk disclosure documents your broker is required to give you. On the date of publication, Jim Wyckoff did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
05-08-2025
- Business
- Bloomberg
Bunge Sells Another Argentine Soybean Meal Cargo to China
Crop trader Bunge Global SA has sold another cargo of Argentine soybean meal to China as the Asian nation seeks to diversify supplies of the key animal feed ingredient due to a trade war with the US, according to people familiar with the matter. The sale comes after Bunge recently chartered the first shipment to China. The newly sold cargo is expected to be shipped in September, said the people, who asked not to be named because the deal is private.
Yahoo
21-07-2025
- Business
- Yahoo
Soybean Meal Prices Are Rebounding. How Much Higher Can They Go?
December soybean meal futures (ZMZ25) present a buying opportunity on more price strength. See on the daily bar chart for December soybean meal futures that prices have seen a good rebound from the recent low, including producing a technically bullish weekly high close last Friday, which is one chart clue that a market bottom is in place. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator has just produced a bullish line crossover signal, whereby the red MACD line has crossed above the blue trigger line and both lines are trending up. More News from Barchart What is Watson Watching in the Grains Sector this Week? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Fundamentally, it appears all the bearish news in the soybean market — namely good growing weather in the U.S. and world trade uncertainty — has been factored into futures prices. Chart price history shows that soybean meal prices under $300 a ton are a value-buying opportunity. A move in December soybean meal futures above chart resistance at $290.00 would give the bulls more power and it would also become a buying opportunity. The upside price objective would be $310.00, or above. Technical support, for which to place a protective sell stop just below, is located at $280.00. IMPORTANT NOTE: I am not a futures broker and do not manage any trading accounts other than my own personal account. It is my goal to point out to you potential trading opportunities. However, it is up to you to: (1) decide when and if you want to initiate any trades and (2) determine the size of any trades you may initiate. Any trades I discuss are hypothetical in nature. Here is what the Commodity Futures Trading Commission (CFTC) has said about futures trading (and I agree 100%): Trading commodity futures and options is not for everyone. IT IS A VOLATILE, COMPLEX AND RISKY BUSINESS. Before you invest any money in futures or options contracts, you should consider your financial experience, goals and financial resources, and know how much you can afford to lose above and beyond your initial payment to a broker. You should understand commodity futures and options contracts and your obligations in entering into those contracts. You should understand your exposure to risk and other aspects of trading by thoroughly reviewing the risk disclosure documents your broker is required to give you. On the date of publication, Jim Wyckoff did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
08-07-2025
- Business
- Reuters
China approves Ethiopian soymeal imports to diversify supply
BEIJING, July 7 (Reuters) - China has approved the import of soybean meal from Ethiopia, a Chinese customs statement showed, as part of efforts to broaden its protein sources amid a trade war between Beijing and Washington. Effective July 3, Ethiopian soymeal that meets China's phytosanitary standards and is free of pests will be allowed into the country, the statement said. "This is part of a broader strategy to diversify supply sources and reduce reliance on imported soybeans. The volume is not expected to be large," said Rosa Wang, an analyst at Shanghai-based agro-consultancy JCI. The approval follows Chinese feedmakers securing the first soymeal shipment from Argentina since imports were approved in 2019, an effort to mitigate potential disruptions from the U.S.-China trade war. Although China mainly imports soybeans from Brazil and the U.S. to crush into soymeal domestically, direct imports of soymeal remains limited. In June, China also approved soymeal imports from Uruguay, adding to an expanding list that includes Argentina, Brazil, Russia, and Belarus.
